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AFRICOAST ENERGY LAUNCHED
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AFRICOAST ENERGY LAUNCHED

FOLLOWING significant growth in the renewable energy business, 
AfriCoast Engineers SA has developed a sister company to exapnd
its vision.
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Glencore to meet with Ramokgopa in bid to save smelters

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Glencore will meet with the South African government this week to seek ways to prevent smelters that make a key stainless steel ingredient from shedding thousands of jobs as they grapple with surging power prices. Japie Fullard, CEO of Glencore Alloys, will meet Electricity Minister Kgosientsho Ramokgopa on Friday in an effort to save its venture with Merafe Resources that processes chrome ore into ferrochrome, the executive said in an interview. A ministry spokesperson confirmed the meeting.

Attacq confident of continued growth as it posts 'market-leading' full-year results

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JSE-listed real estate investment trust (Reit) Attacq has entered the 2026 financial year in an "exceptional" financial position and with a solid foundation from which to deliver continued growth, CFO Raj Nana has said. The Reit on September 16 reported a 25.6% year-on-year increase in distributable income per share (DIPS) to 108.3c and a 26.1% year-on-year increase in the full-year dividend to 87c for the financial year ended June 30, 2025.

SITA, Ethiopian Airlines enter partnership to meet growing air travel demand

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Global aviation IT and technology solutions group SITA and Ethiopian Airlines have signed a memorandum of understanding, under which they will jointly develop innovative solutions which will reinforce the carrier’s operations and further improve the experiences of its passengers. The partnership will also embrace industry partners, technology providers, business accelerators and startups. “Africa is experiencing unprecedented growth in air travel just as passengers’ expectations are being reshaped by rapid advances in digital technology,” highlighted SITA president: Middle East and Africa Selim Bouri. “Hubs like Addis Ababa’s Bole International Airport need to provide a frictionless passenger journey so airlines can optimise flight schedules and deliver smooth, memorable trips. This collaboration between Ethiopian Airlines and SITA is all about driving the innovation needed to meet these demands and help shape the future of aviation.”

Global oil and gas field decline rates are increasing, IEA says

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The natural rate of decline in output from the world's oil and gas fields is speeding up, owing to more reliance on shale and deep offshore resources, the International Energy Agency (IEA) said on Tuesday. That means companies will need to step up the pace of investment just to keep output flat. The report from the IEA, which advises industrialised countries, warns that without continued investment in existing fields, the world would lose the equivalent of Brazil and Norway's combined oil production each year with implications for markets and energy security, the agency said in a statement.

Coega Development Corporation reaches agreement with former CEO in labour dispute

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A labour dispute that followed the firing of former Coega Development Corporation (CDC) CEO Khwezi Tiya in December last year has now been resolved. The parties to the labour dispute have reached a mutual separation agreement, with the CDC stating on September 15 that this was in the interests of both parties and that it would bring to an end the uncertainty surrounding the matter.
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